John Daunt Sells 2,767 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 2,767 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.42, for a total transaction of $92,473.14. Following the sale, the executive vice president now directly owns 43,309 shares in the company, valued at $1,447,386.78. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

John Daunt also recently made the following trade(s):

• On Tuesday, December 17th, John Daunt sold 4,546 shares of Liquidity Services stock. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28.

Liquidity Services Stock Performance

LQDT opened at $35.71 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 47.61 and a beta of 1.36. The company’s 50-day simple moving average is $33.06 and its two-hundred day simple moving average is $26.35. Liquidity Services, Inc. has a 52-week low of $16.11 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Hedge Funds Weigh In On Liquidity Services

Several institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its stake in shares of Liquidity Services by 1.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 37,332 shares of the business services provider’s stock worth $1,205,000 after purchasing an additional 685 shares during the period. Marshall Wace LLP bought a new position in shares of Liquidity Services in the 4th quarter worth approximately $3,477,000. Walleye Capital LLC bought a new position in shares of Liquidity Services in the 4th quarter worth approximately $2,969,000. XTX Topco Ltd bought a new position in shares of Liquidity Services in the 4th quarter worth approximately $664,000. Finally, Barclays PLC lifted its stake in shares of Liquidity Services by 3.6% in the 4th quarter. Barclays PLC now owns 40,856 shares of the business services provider’s stock worth $1,320,000 after purchasing an additional 1,429 shares during the period. Institutional investors own 71.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday. Craig Hallum upped their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.